Latest news with #HailRegionDevelopmentAuthority
Leaders
18-05-2025
- Business
- Leaders
Hail Region Seals SR8.5 Billion Investment Deals to Spur Growth
Saudi Arabia's Hail region has secured investment agreements worth SR8.5 billion ($2.27 billion) during its flagship investment forum, advancing the Kingdom's push to unlock regional growth and attract private capital. Spanning agriculture, mining, tourism, and logistics, these agreements form part of a broader SR50 billion portfolio of opportunities unveiled at the event. Vision 2030 Fuels Regional Diversification Saudi Arabia now prioritizes untapped potential in smaller regions, luring investors to diversify beyond urban hubs, which aligns with Saudi Vision 2030's goals for a resilient, inclusive economy. The Emir of Hail witnessed the launch of SR8.5 billion in partnerships between government agencies and investors to boost economic growth. Governor Prince Abdulaziz bin Saad emphasized Hail's strategic advantages, including its connectivity across five regions, fertile land, and infrastructure development. Organized under the theme 'Be Part of the Promising Future,' the forum attracted leaders like Investment Minister Khalid Al-Falih and Deputy Environment Minister Mansour Al-Mushaiti. Over 125 investment opportunities, including 14 strategic projects worth SR34.2 billion, aim to empower local businesses. Agricultural Investments Take Center Stage Al-Mushaiti hailed Hail as a prime agricultural hub, citing SR7 billion in funding from the Agricultural Development Fund. The region now contributes over 10% of Saudi Arabia's agricultural GDP. Notably, Hail launched the Middle East's largest trout salmon project, targeting a 50% import reduction and SR5 billion in sales within a decade. Furthermore, new red meat investments will raise self-sufficiency to 61%, while a poultry project expanded to SR11 billion with a recent SR4.5 billion injection. The Saudi Reef program has allocated SR800 million to support local farmers, alongside SR1.2 billion in water and environmental projects under the Saudi Green Initiative. Al-Falih highlighted Hail's SR1.44 billion in foreign investment, with 177 licenses issued to global firms. Over 100 opportunities worth SR50 billion are now on the 'Invest Saudi' platform. A new MoU between the Investment Ministry and Hail Region Development Authority will streamline sustainable growth efforts. The forum also featured nine panel sessions covering 42 investment themes, focusing on tourism, quality of life, agriculture, logistics, energy, and education. Short link : Post Views: 2
Asharq Al-Awsat
31-01-2025
- Automotive
- Asharq Al-Awsat
Hail Region Governor Launches Hail Toyota International Rally 2025
Prince Abdulaziz bin Saad bin Abdulaziz, Governor of Hail Region, Hail Region Development Authority Chairman, and Hail Toyota International Rally 2025 supreme organizing committee chairman, officially launched the start of the rally on Thursday. During the opening ceremony, Saudi Automobile and Motorcycle Federation (SAMF) vice president Feher Alshareif delivered a speech highlighting the generous support from the Kingdom's leadership in promoting sports and solidifying Saudi Arabia's position as a global hub for motorsports. He said that the Hail Toyota International Rally, now in its 20th edition, is a significant milestone in the world of rallying, featuring four major championships: the World Baja Championship, the Middle East Baja Championship, the Asia Motorcycle Championship, and the Saudi Toyota Championship. He emphasized that since its launch in February 2006, the rally has become one of the premier motorsports events in the region, attracting elite drivers from around the world and experiencing substantial growth in recent years. As part of his visit, the governor of Hail toured the Hail Toyota International Rally 2025 Security Operations Center and the Al-Maghwa Security Point.
